Globe Express completes key project
GLOBE Express Services (Overseas Group), one of the world’s top 100 global logistics providers, said it has recently completed a Dh35-million ($9.5 million) development project consisting of an industrial warehouse and accompanying office in Dubai’s Jebel Ali Free Zone.
The project further expands its supply chain solutions covering warehousing and packing services, specialty handling and lifecycle management, it said. The strategically located GES warehouse and office facility has an internal area of 67,449 sq ft with six loading doors and around 4,780 pallet locations.
The warehouse, which commenced operations on July 31, is equipped with advanced warehousing security system and facility monitoring tools such as indoor and outdoor camera systems, digital video recorders and high-resolution IP cameras.
DSI wins $175m deals in Q2
DRAKE & Scull International (DSI) says it has secured contracts worth Dh646 million ($175 million) in the second quarter in Abu Dhabi, Dubai and Oman. The regional market leader in integrated design, engineering and construction disciplines has posted revenues of Dh1.49 billion ($40 million) and net profits of Dh75 million ($20 million) for the first half of 2012, representing a top line growth of 8.3 per cent and a bottom line contraction of 29 per cent in comparison to the first half of 2011.
Famco launches financial package
FAMCO (Al Futtaim Auto & Machinery Company), the Al Futtaim group distributor of commercial vehicles, construction and industrial equipment, has launched the Famco Financial Services to offer a range of tailor-made financing packages for truck, bus, construction equipment, forklifts, generators and compressors.
Paul Floyd, Famco’s managing director, said: “With Famco Financial Services, we can now include financing, service contracts and insurance in a single monthly payment, greatly assisting our customers with a cash efficient solution to the operation of their fleet.”
The newly launched financial services unit utilises a multi-bank approach and offers customers the ability to conserve their capital while providing an additional credit line.
RTA opens Al Khail Road flyover
THE Roads and Transport Authority (RTA) has opened a flyover extending from Al Quoz Industrial Area to Al Khail Road in Dubai. The flyover serves traffic heading to Dubai, ensuring a smooth traffic flow from Al Quoz Industrial Area to Al Khail Road and vice versa.
The opening of this flyover is part of the second phase of Al Khail Road development project, estimated to cost Dh850 million ($231 million). The entire project is expected to be completed later this year.
Al Futtaim signs MEP contract
AL FUTTAIM Engineering, one of the leading multi-disciplinary engineering organisations in the UAE, has signed a multi-million-dollar contract with the UAE Ministry of Education, under which it will undertake mechanical, electrical and plumbing (MEP) maintenance of heating, ventilation and air-conditioning (HVAC) facilities covering 250 schools in Dubai and the Northern Emirates.
The contract was signed by Humaid Mohammed Obaid Al Qatami, Minister of Education and Murli S, acting managing director of Al Futtaim Engineering.
Saadiyat village operator named
TOURISM Development & Investment Company (TDIC), a master developer of major tourism destinations in Abu Dhabi, has appointed Brookfield Multiplex Services to operate its Saadiyat Construction Village, a state-of-the-art housing community designed to house workers employed by contractors during the construction phase of Saadiyat Island in the emirate.
Brookfield Multiplex, renowned for building, engineering, maintaining and operating property and infrastructure assets, will supervise the operations of Saadiyat Construction Village pertaining to the workers’ accommodation, recreational activities, and all other social and leisure events.
Under the operation and maintenance contract, Brookfield Multiplex’s prime objective is achieving performance standards that uphold both resident welfare and lifespan of the village’s assets.
It will also provide comprehensive maintenance services and deliver a phased replacement programme based on life expectancy for all installed assets comprising the civil structures; mechanical, electrical and plumbing installations; fire and control systems; furniture, fixtures, and equipment; as well as the dedicated central cooling and sewerage treatment plants.
Empower approves new study
EMIRATES Central Cooling Corporation (Empower), the largest district cooling company in the Middle East, has endorsed the research done by management consulting firm Booz & Company, which has concluded that, if implemented under right conditions, district cooling could effectively serve 30 per cent of the region’s cooling requirements by 2030.
The study says that by 2020, the fuel needed to power air-conditioning in the GCC will be the equivalent of 1.5 million barrels per day (bpd) of oil.
According to the Booz & Company analysis, by 2030, consistent use of district cooling could lead to a reduction of 20 GW in new power capacity requirements and in the GCC’s power plant energy consumption equivalent to 200,000 bpd of oil as well as a region-wide decrease of 31 million tonnes per year (tpy) in carbon dioxide (CO2) emissions.